William Jenkins has been employed for many years by a Canadian controlled private corporation. In 2012, William Jenkins was granted options to acquire 4,000 shares of his employers stock for $50 per share. At this time, the shares have a fair market value of $60 per share. On January 10, 2014, Dr. Dobson exercises all of these options. At this time, the fair market value of the shares is $80 per share. On February 10, 2018, he sells all of the shares for $100 per share. Calculate and show the effect of the transactions that took place during each relevant year on Mr. William Jenkins income, and show his Net Income For Tax Purposes and Taxable Income under the Canadian Taxation Regulations. Identify any carry forwards